Construction Definitions Funny but Real Life Terms
This Article Will Focus On helping you understand the true meaning of some of the terms that are used in construction. Since this is a family friendly website I have purposefully left out some of the more colorful language and kept to the basics. This is the first of several articles and will coverÿterms starting with the letters A through E.
This Collection Has been put together by Randal DeHart based upon his experience as a contractor and outsourced contractors bookkeeping services provider to contractors all across the USA and I sincerely trust you will find value in it.
Have Fun With This List Of Construction Definitions and feel free to share it with 10,000 of your closest friends or more as you wish.
*** ALL COMMENTS IN RED ARE THE THOUGHTS OF THE EDITOR. THEY ARE IN NO WAY A REFLECTION OF RANDAL?S THOUGHTS, INNER THOUGHTS MAYBE. RANDAL IS A GENTLEMAN HOWEVER I?VE BEEN IN THE PLUMBING BUSINESS FOR 21 YEARS AND I THINK WE?VE HEARD A FEW SWEAR WORDS IN OUR WORKING LIVES. I FIGURE SOME THINGS WILL BE EASIER TO UNDERSTAND
11 Steps To Contractor Success ? A program designed by Randal DeHart, PMP ?The Contractors Accountant? for plumbing contractors, general contractors, trade contractors, home builders, commercial tenant improvement contractors and handyman contractors to make more money faster Click here to download diagram
Auditor ? Person who goes in after the war is lost and bayonets the wounded contractors
Assets of Company ? Cash + Receivables + Tools + Equipment + Material
She?s real good I promise.
Assets of Firm ? Cash + Business Process + Sales Process + Client List + Predictable Cash Flow
Bad Bookkeeping ? Saving money on crap that don?t matter and making decisions based upon someone?s gut instinct with or without older whiskey, faster cars, coffee or cigarettes
Bad Bookkeeper ? Someone who leaves construction company ownersÿstanding alongside the remains ofÿtheir business which the bad bookkeeper has steered off the highway of success, flipped upside down into the ditch, lit a stick of dynamite, watched it explode into flamesÿwith smoke and fire belching from every window, door, crack and crevice leaving theÿbusiness owner staring inÿutter disbelief,ÿwide eyed,ÿmouth open, flat broke andÿremembering the article aboutÿin Fast Easy Accounting about how Bad Bookkeepers train their boss like an organ grinder trains a monkey
Construction Definitions From A to F
Bankruptcy ? Result of saving money on crap that don?t matter and making crap (Shit) storm decisions
Belly Button Accountability ? The one person who is responsible for a deliverable on a construction project
Thinking About Outsourcing Your Contractors Bookkeeping Services?
Double Billing ? Suppliers, Vendors who have badÿbookkeepers or a terrible accounting system will sometimes issue the same bill several times.ÿIn most cases it was not intentional.